Part 4/6:
The speaker critiques the current state of oversight, especially in the aftermath of the 2007 financial crisis. They highlight the existence of agencies responsible for financial regulation— particularly those overseeing banks and the financial systems— which continue to function and manage significant infrastructure.
However, the critique centers on the glaring absence of effective oversight or accountability mechanisms in recent years. Despite the crucial role these agencies play—building and maintaining the financial infrastructure—there’s a concern that oversight has been insufficient or intentionally weakened, raising fears about unchecked power and potential vulnerabilities within the financial sector.